chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
This is a Poll for People who are approaching FIRE but have not yet stopped working. The question is:
We are so close to our target portfolio amount that I can almost reach out and grab it. But my target amount is based on my small pension and group health benes offered by the company. Of course, If I quit work today, I would still get my pension, but would have to wait till 65. That would mean that I would have an extra 4 years of income to fund (than my original plan) plus I would have to cover the amount that my pension would cover from 55 - 65 till it kicked in. This extra amount is about 12.5 % of out yearly income. I could probably manage that, but paying for health insurance would really cramp things. Since we are both fairly healthy, the premiums would not be too bad now (but still a fairly large extra expense). But if anything happened to one of us, the premium would probably balloon.
If you were offered Group Health Ins today for you and your spouse (for 2k/yr premium) or for You and Family ($3k/yr premium) Would you FIRE in the next 6 months?
We are so close to our target portfolio amount that I can almost reach out and grab it. But my target amount is based on my small pension and group health benes offered by the company. Of course, If I quit work today, I would still get my pension, but would have to wait till 65. That would mean that I would have an extra 4 years of income to fund (than my original plan) plus I would have to cover the amount that my pension would cover from 55 - 65 till it kicked in. This extra amount is about 12.5 % of out yearly income. I could probably manage that, but paying for health insurance would really cramp things. Since we are both fairly healthy, the premiums would not be too bad now (but still a fairly large extra expense). But if anything happened to one of us, the premium would probably balloon.
If you were offered Group Health Ins today for you and your spouse (for 2k/yr premium) or for You and Family ($3k/yr premium) Would you FIRE in the next 6 months?